9004 Madrone, Dripping Springs TX 78620

Based on 6 closed sales in BEAR CREEK OAKS, the data points to a value around $918,029 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $900,000 to $936,000. Relative to what's currently available in BEAR CREEK OAKS, this home would be the most affordable of 2 comparable homes on the market. This home's larger footprint (276 sqft vs the comp average) plays a role in how the market prices it. A pool adds market appeal. Only 6 minus 4 of the comps had one. Right now, 2 similar properties are competing for buyers in BEAR CREEK OAKS, listed between $1,999,000 and $2,998,000. Market data shows 78620 prices fallen 5.5% over the last half year. The closest comparable sale, 330 Gant RD, Dripping Springs TX 78620 at an adjusted $868,668, is with a smaller floor plan. The strength of this estimate comes from 6 directly comparable sales in BEAR CREEK OAKS. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group